SB 0559 Creates the Agribusiness Development Authority
LR Number:2601S.01I Fiscal Note:2601-01
Committee:Agriculture, Conservation, Parks & Tourism
Last Action:01/31/00 - Hearing Conducted S Agriculture, Conservation, Parks Journal page:
& Tourism Committee
Effective Date:August 28, 2000
Full Bill Text | All Actions | Available Summaries | Senate Home Page | List of 2000 Senate Bills
Current Bill Summary

SB 559 - This act creates the Agribusiness Development Authority. The 12 member board is authorized to issue bonds and notes as needed, grant a 50% tax credit for contributions to the agribusiness development fund, and lend up to $5 million to value added agricultural businesses in Missouri. The aggregate amount of authorized tax credits may not exceed $10 million.

This act is similar to SCS/SB 502, 1999.